Posts Tagged ‘report’
How do you report a foreclosed rental property to the IRS?
I have a leasing in 2006 and 2007 and reported it to IRS.
In 2008 the property was foreclosed. Therefore, no rentals to report in 2008. I need to have closure to this transaction and let the IRS know that this leasing property no longer exixt. I would apreciate any help
How do I report my property if I own the house and receive rental income from tenants living WITH me?
I bought a home in 3/07 as my primary residence. I am childish so I also have roommates living with me. How do I report this property and the leasing income? Investment income? Leasing property?
I just went through turbotax and I am pretty baffled about this. Thanks for your help!